Core Insights - Paradice Investment Management LLC has completely exited its position in Progress Software Corporation, selling all 238,145 shares for an estimated value of $15.20 million, which previously represented 3.1% of its reportable assets as of September 30, 2025 [1][2][7] - Following this sale, Progress Software now accounts for 0% of Paradice's 13F assets under management [2] Company Overview - Progress Software Corporation specializes in enterprise application development, automation, and infrastructure management solutions, leveraging a diversified software portfolio to meet complex business needs across various industries and geographies [6] - The company reported a market capitalization of $1.97 billion, with a revenue of $940.13 million and a net income of $48.53 million for the trailing twelve months [3] Financial Performance - Progress Software experienced a significant growth in annualized recurring revenue, which increased by 47% year over year during its fiscal third quarter ending August 31, 2025 [9] - The management raised its full-year revenue guidance to a range of $975 million to $981 million following a better-than-expected fiscal third quarter [9] Product and Service Offerings - The company offers a range of software solutions, including OpenEdge for application development, Sitefinity for web content management, DataDirect Connect for data connectivity, MOVEit for secure file transfer, and Chef for infrastructure automation [4][6] - Progress Software serves a diverse customer base, including end users, independent software vendors, original equipment manufacturers, and system integrators across multiple regions, including North America, EMEA, Asia Pacific, and Latin America [4][5]

Core Insights - Progress Software has launched Progress® Automate MFT, a new SaaS solution aimed at redefining secure file transfer automation for modern enterprises [1][3]. Industry Challenges - Businesses are increasingly pressured to manage sensitive data efficiently while dealing with aging infrastructure and strict compliance requirements, leading to inefficiencies and security vulnerabilities [2]. - Legacy file transfer systems are costly to maintain and difficult to scale, posing compliance and security risks [4]. Product Features - Automate MFT offers a scalable, cloud-native platform that reduces reliance on scripting and administrative burdens, potentially lowering total cost of ownership by up to 50% compared to traditional systems [3]. - Key features include a microservices-based architecture, no-code automation builder, shared credential libraries, organizational tools for task management, task versioning, and enterprise-grade security compliance [7]. Market Position - Automate MFT is positioned as a modern solution to meet the automation needs of organizations, allowing them to modernize operations and focus on innovation while ensuring data security [6]. - Progress Software emphasizes its commitment to delivering secure and scalable solutions for data movement, reinforcing its position in the managed file transfer market [6].

Core Viewpoint - Progress Software's shares increased by 4.5% following an upgrade from Citigroup, which changed its rating from Neutral to Buy, highlighting the company's resilient fundamentals and consistent financial and operational performance despite a year-to-date decline of approximately 30% [1] Company Summary - Citigroup upgraded Progress Software's stock to Buy from Neutral [1] - The stock was trading at $46.66 during afternoon trading [1] - The company has demonstrated resilient fundamentals and consistent performance [1]

Core Insights - Progress Software (PRGS) reported total revenue of $249.79 million for the quarter ending August 2025, marking a year-over-year increase of 39.8% [4] International Revenue Trends - Latin America generated $6.22 million in revenue, accounting for 2.5% of total revenue, exceeding Wall Street's expectation of $4.9 million by 26.96% [5] - Europe, Middle East, and Africa contributed $68.34 million, representing 27.4% of total revenue, but fell short of the expected $73.68 million by 7.25% [6] - Asia Pacific accounted for $11.83 million, or 4.7% of total revenue, also missing the forecast of $12.24 million by 3.34% [7] Future Revenue Predictions - Analysts predict total revenue of $252.68 million for the current fiscal quarter, indicating a 17.6% increase year-over-year, with regional contributions expected to be 2.5% from Latin America, 27.3% from Europe, Middle East, and Africa, and 4.7% from Asia Pacific [8] - For the full year, total revenue is projected at $974.34 million, reflecting a 29.3% increase from the previous year, with regional shares expected to be 2.3% from Latin America, 28.5% from Europe, Middle East, and Africa, and 4.9% from Asia Pacific [9] Market Performance - Over the past four weeks, Progress Software's stock has appreciated by 6%, outperforming the Zacks S&P 500 composite's 4.3% increase [14] - In the last three months, the company's shares have declined by 7%, while the S&P 500 increased by 7.4% [14]

Group 1 - Progress Software Corporation (NASDAQ:PRGS) is identified as one of the most undervalued technology stocks according to analysts [1] - On September 29, Progress Software announced the early customer review and testing of the Progress OpenEdge MCP Connector for Advanced Business Language/ABL [1] - The MCP Connector is designed to accelerate development and modernization for users of the Progress OpenEdge platform, providing intelligent automation and domain-specific coding assistance [2][3] Group 2 - The core functionality of the MCP Connector combines GenAI and Retrieval-Augmented Generation/RAG, offering precise coding guidance, refactoring support, and documentation generation aligned with OpenEdge standards [3] - Progress Software develops, deploys, and manages AI-powered applications and digital experiences both in the US and internationally [3]

Core Insights - Progress Software Corporation (NASDAQ: PRGS) is identified as a promising investment opportunity among undervalued technology stocks, particularly following the launch of its new product [1][6] Product Launch - On September 23, Progress Software introduced Flowmon ADS 12.5, an advanced AI-powered detection system aimed at enhancing threat detection and incident response [2][4] - The system addresses issues related to network traffic, alert fatigue, and sophisticated cyber attacks, providing deeper visibility into network activity [2][3] Features and Benefits - Flowmon ADS 12.5 includes curated threat intelligence briefings that offer timely insights into emerging vulnerabilities and attack campaigns [3] - The product also features step-by-step responses to simplify incident handling, empowering teams to manage threats effectively [3][4] - According to Sundar Subramanian, the system delivers actionable intelligence and automation, helping organizations build resilient security postures in a dynamic threat landscape [4] Company Overview - Progress Software Corporation specializes in software and services that assist businesses in developing, deploying, and managing applications and digital experiences, with a focus on application development, enterprise integration, data management, infrastructure management, and AI-powered solutions [5]

Core Insights - The article discusses the author's extensive experience in value investing and highlights the focus on analyzing and valuing listed companies in the ASEAN and US regions [1]. Group 1 - The author has two decades of investing experience and has served as a Board member of a Malaysia listed company for several decades [1]. - The blog emphasizes value investing through case studies, providing insights into the investment landscape [1]. - The author has published a value investing book titled "Do you really want to master value investing?" available on Amazon [1].

Core Insights - The article compares Progress Software (PRGS) and Intuit (INTU) to determine which stock offers better value for investors [1] - The analysis utilizes a combination of Zacks Rank and valuation metrics to assess the investment potential of both companies [2] Valuation Metrics - Progress Software has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while Intuit has a Zacks Rank of 3 (Hold) [3] - PRGS has a forward P/E ratio of 8.13, significantly lower than INTU's forward P/E of 29.58, suggesting PRGS is undervalued [5] - The PEG ratio for PRGS is 1.63, compared to INTU's PEG ratio of 1.96, indicating better expected earnings growth relative to its valuation for PRGS [5] - PRGS has a P/B ratio of 3.95, while INTU's P/B ratio is 9.66, further supporting the argument that PRGS is more attractively valued [6] Conclusion - Given the stronger estimate revision activity and more favorable valuation metrics, PRGS is positioned as the superior investment option for value investors at this time [7]

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a v ...

Core Insights - Progress Software has opened a new 1,562-square-meter Center of Excellence in Heredia, Costa Rica, aimed at enhancing technical support, customer success, sales, and corporate functions, marking a significant step in its global growth strategy [1][2][3] Company Expansion - The new facility represents a substantial expansion of Progress Software's operations in Costa Rica, building on its existing presence from the acquisition of ShareFile, and is designed to support the growing portfolio of AI-powered solutions [2][3] - The company has doubled its local workforce, enhancing teams across various functions including customer success, support, sales, human resources, and workplace operations [3] Regional Strategy - The Center of Excellence is part of a broader strategy to establish regional hubs that improve service delivery to global customers, leveraging Costa Rica's skilled workforce and strategic location [3] - The CoE will provide localized services specifically for customers in the Caribbean and Latin America (CALA) region, strengthening the company's ability to support regional growth [3][4] Community Engagement - Progress Software is launching a philanthropic initiative in partnership with Fundación Llovera, focusing on social and labor reintegration for unhoused individuals, demonstrating the company's commitment to making a positive impact in local communities [6] Industry Impact - The establishment of the new center is expected to enhance Costa Rica's role in driving digital transformation, integrating AI with expertise in various fields such as cloud, software development, and big data, while creating meaningful employment opportunities [5]